Laurel Hill / Deerfield Park median real estate price is $605,778, which is more expensive than 92.0% of the neighborhoods in Illinois and 79.2% of the neighborhoods in the U.S.
The average rental price in Laurel Hill / Deerfield Park is currently $2,593, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 82.4% of the neighborhoods in Illinois.
Laurel Hill / Deerfield Park is a suburban neighborhood (based on population density) located in Deerfield, Illinois.
Laurel Hill / Deerfield Park real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the Laurel Hill / Deerfield Park neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
In Laurel Hill / Deerfield Park, the current vacancy rate is 0.8%, which is a lower rate of vacancies than 92.3% of all neighborhoods in the U.S. This means that the housing supply in Laurel Hill / Deerfield Park is very tight compared to the demand for property here.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Deerfield, the Laurel Hill / Deerfield Park neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Think about the people you know personally. How many of them would purchase box seats to opening night at the symphony? How many of them regularly attend gallery openings, or are the first to reserve tickets to opening night at the ballet? If they're like most of us, they don't do any of these things. But if you're among an exclusive crowd of wealthy and refined patrons of the arts, then you'll feel right at home in the Laurel Hill / Deerfield Park neighborhood: a neighborhood in which more "urban sophisticates" live than 99.2% of neighborhoods across the U.S. Here, your neighbors are defined as having urbane tastes in literature, music, live theatre and the arts. They are wealthy, educated, travel in style, and live a big city lifestyle whether or not they live in or near a big city. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for highly educated executives and families with school-aged children.
In addition, astoundingly, NeighborhoodScout's research reveals that this single neighborhood has a higher concentration of married couples living here than 98.8% of all U.S. neighborhoods. Whether they have school-aged children or not, married couples are the rule in the Laurel Hill / Deerfield Park neighborhood. If you are a married couple, you may find many people here with a similar lifestyle, and perhaps common interests. But if you are single, you might not find many other singles here.
Also, the rate of college educated adults in the Laurel Hill / Deerfield Park neighborhood is a unique characteristic of the neighborhood. 79.5% of adults here have received at least a 4-year bachelor's degree, compared to the average neighborhood in America, which has 33.7% of the adults with a bachelor's degree. The rate here is higher than NeighborhoodScout found in 97.7% of all U.S. neighborhoods.
Finally, if you come to know the people here, you will recognize that you're in the company of one of the wealthiest communities in the nation. In fact, a mere 2.5% of America's neighborhoods are wealthier than the Laurel Hill / Deerfield Park neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren't up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools. Vacation to Disney? Yes, but equally popular are summers in Europe.
One way that the Laurel Hill / Deerfield Park neighborhood really stands out, is that it has more large 4, 5, or additional bedroom homes and real estate than 95.2% of the neighborhoods in America. When you walk or drive around this neighborhood, you'll instantly notice the size of the homes here which definitely makes a strong visual statement.
Did you know that the Laurel Hill / Deerfield Park neighborhood has more Russian and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 12.8% of this neighborhood's residents have Russian ancestry and 5.2% have Eastern European ancestry.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Laurel Hill / Deerfield Park neighborhood in Deerfield are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 97.5% of the neighborhoods in America. In addition, 5.3% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 64.5% of America's neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Laurel Hill / Deerfield Park neighborhood, 66.2% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 19.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (7.4%), and 6.4% in clerical, assistant, and tech support occupations.
The most common language spoken in the Laurel Hill / Deerfield Park neighborhood is English, spoken by 86.5% of households. Some people also speak Spanish (3.3%).
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the Laurel Hill / Deerfield Park neighborhood in Deerfield, IL, residents most commonly identify their ethnicity or ancestry as Russian (12.8%). There are also a number of people of German ancestry (12.2%), and residents who report Polish roots (9.4%), and some of the residents are also of Italian ancestry (8.5%), along with some Irish ancestry residents (7.2%), among others. In addition, 11.3% of the residents of this neighborhood were born in another country.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Laurel Hill / Deerfield Park neighborhood spend between 15 and 30 minutes commuting one-way to work (37.6% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (73.8%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (5.4%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.